American Tax Fundings wanted to sue City of Syracuse

American tax funding invested a lot of money in New York, most of the time cutting the deal directly with the city. In most cases, city governments tempted to sell all of the defaulted tax liens directly and exclusively to American Tax Funding without a competitive process. 

Well cities are now in conflict with the ATF because every year, there is a new tax lien comes up and ATF may not be able to willing to continue to buy these liens. Now there will be two competing set of liens, ones owned by ATF and ones owned by the city on the same property.

So if city demolishes the building, ATF loses their investment. If one of these parties foreclose first, the other party will lose money.

Greedy and unsophisticated city councils made a stupid mistake by selling their souls to ATF. Situation gets very tricky when ATF already has a payment plan with the homeowner, who can not pay the new tax lien owned by the city.

I would love to see how much ATF is charging in attorney fees. If you are a homeowner and your lien is puchased by ATF, please contact us. We would like to know your story and may be help you.

Here is a story of an investor in Syracuse, which might be interesting.